Author (Corporate) | European Court of Auditors |
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Series Details | No.11, 2013 (December 2013) |
Publication Date | November 2013 |
ISBN | 978-92-9241-405-4 |
ISSN | 1831-0834 |
Content Type | Policy-making, Report |
Abstract: A significant share of the revenue in the EU budget is derived from own resources calculated on the basis of Member States’ gross national income (GNI). Effective verification of GNI data is crucial to ensure that Member States' respective contributions are correctly and fairly calculated. The Court’s audit examined the Commission’s verification of these data for the years 2002 to 2007 which became definitive in 2012. Even though this verification may well improve the quality of GNI data, the Court concluded that this verification was not sufficiently structured and focused to be fully effective. The Court recommends that the Commission focuses on material and risky GNI components, based on a structured and formalised planning and prioritisation exercise. |
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Source Link | Link to Main Source http://dx.publications.europa.eu/10.2865/36059 |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |